The management of Metrocenter Mall is not renewing the leases of many tenants and month-to-month leases will expire at the end of January.

"Metrocenter Mall will cease to operate as a retail shopping center later this year," managing partner Tyler Oliver said told WAPT.

Part of the mall houses City of Jackson offices and is owned by Leroy Walker, with Retro Metro. This area will remain open.

Oliver said there are a number of possibilities for the mall property, including selling it and converting it to residential, office, education or industrial purposes. It could also be demolished and rebuilt as residential or mixed-use property, Oliver said.

Mall tenants were notified and have been offered help in relocating.

Metrocenter is Mississippi's largest mall and opened in 1978. Metrocenter has struggled since losing anchor stores, including Sears, Belk and Dillard’s. Kansas developers Colby Capital, and Walter Morris Companies along with Jackson real estate firm, The Overby Company, purchased Metrocenter in 2014.